HD KSOE Secures Orders for Gas Carrier and FSRU Worth $570.7 Million
Quick Look
- HD Korea Shipbuilding & Offshore Engineering (KSOE) has secured orders totaling $570.7 million for one gas carrier and one floating storage regasification unit (FSRU).
- The FSRU is valued at $317.9 million and the LNG carrier at $252.8 million.
- These vessels are slated for delivery by the first half of 2029.
AI-generated summary
SEOUL, July 1 (Yonhap) -- HD Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Wednesday it has secured 885 billion won (US$570.7 million) worth of orders to build one gas carrier and one floating storage regasification unit (FSRU).
HD KSOE said the FSRU is valued at 492.8 billion won, while the liquefied natural gas (LNG) carrier comes in at 392.2 billion won.
An FSRU is a specialized vessel that stores LNG and regasifies it at sea before supplying the natural gas to onshore facilities.
The company said both vessels will be built by HD Hyundai Heavy Industries Co. and delivered to their respective clients by the first half of 2029.
With the latest contracts, HD KSOE has secured orders worth US$15.72 billion so far this year, achieving 67.4 percent of its annual order target.
